FMET Fidelity Metaverse ETF

*Unless otherwise stated, data provided by FactSet.

What is FMET?

FMET tracks a market cap-weighted index of equities that provides global exposure to the future state of the internet: the metaverse.

FMET Factset Analytics Insight

FMET holds stocks and depositary receipts of globally listed companies that develop, manufacture, distribute, or sell products related to the metaverse. Eligible companies must derive at least 50% of their revenue from (i) computing hardware, (ii) digital infrastructure, (iii) design & engineering software, (iv) gaming technology & software, (v) web development & content services, and (vi) smart phone & wearable technology. The index uses quality screens based on trailing or next 12-month revenues, operating cash flow, sales growth, and analyst coverage to filter out companies that pose significant risks. Then securities are ranked for thematic relevance, which is a composite of total significant revenue, percent of significant revenue, and a natural language processing (NLP) score. Approximately 50 stocks are selected and the portfolio is weighted according to market capitalization, subject to liquidity constraints and a 4.5% single weight capping. The index is rebalanced quarterly.

PERFORMANCE [as of 03/28/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FMET 4.12% 18.59% 13.59% -- -- -- --
FMET (NAV) 4.17% 17.76% 14.73% -- -- -- --
Fidelity Metaverse Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FMET Summary Data

Fidelity
04/19/22
Open-Ended Fund
0.39%
$13.82M
$100.87K
0.49%

FMET Portfolio Data

$241.15B
43.17
3.01
--
N/A
52

FMET Index Data

Fidelity Metaverse Index
Market Cap
Fundamental
N/A

FMET Portfolio Management

0.39%
--
--
--

FMET Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

FMET Fund Structure

Open-Ended Fund
No
--
-- / --
N/A
N/A
High
Daily

FMET Factset Analytics Block Liquidity

As of 03/29/23
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of FMET. FMET is rated a N/A out of 5.

FMET Tradability

4,435
$100.87K
3,527
$80.63K
0.49%
$0.11
0.19%
1.42% / -0.75%
None
59.97%
--
--
--
--
0
$22.89
N/A

FMET Sector/Industry Breakdown


FMET
Segment Benchmark
76.74%
--
15.79%
--
4.19%
--
2.73%
--
0.23%
--
0.18%
--
0.14%
--

FMET Top 10 Holdings[View All]

Apple Inc. 4.70%
4.53%
3.56%
2.94%
42.72%

FMET Countries


FMET
Segment Benchmark
50.24%
--
13.45%
--
13.16%
--
13.16%
--
4.06%
--
1.63%
--
1.54%
--
1.53%
--
1.20%
--

FMET Regions


FMET
Segment Benchmark
50.24%
--
41.29%
--
8.43%
--

FMET Economic Development


FMET
Segment Benchmark
99.96%
--
0.00%
--

FMET Performance Statistics

--
--
--
--
--
N/A

FMET Benchmark Comparison Holdings

52
--
--
--

FMET Benchmark Comparison Summary


FMET
Segment Benchmark
52
--
$241.15B
--
43.17
--
3.01
--
0.53%
--
Medium
--

FMET Benchmark Comparison Market Cap Size


FMET
Segment Benchmark
56.08%
--
31.81%
--
11.93%
--
0.00%
--